NZD/USD – 30M – BUY

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart scenario. The pair is likely to go up.

Moreover a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The pair is likely to go up.

Moreover a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.60604644 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.60575 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three Outside Up’ candlestick chart pattern is discovered. The candles show ‘Three Outside Up’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.60575 – 0.60259 – 0.60786 – 0.59906 – 0.59903 – 0.59901 —
0.60360 – 0.60399 —
54.602891701143 – 47.315480448285 —
– —
0.60575 – 1770111000

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Up – Double top retreat up – – – – – – – –